Chandler & Co

HIGHLY PROFITABLE PURPOSE BUILT NURSING HOME REG 47 WITH PP FOR A FURTHER 9 BEDS

Bishops
Date Posted: 05/08/2022
Property Status: For Sale
Management Type: Manager operated
Region: Yorkshire Humberside
Beds: 47
Guide Price: £2,820,000 (Freehold)
Single Beds: 47
Reference: CH4343
LINCOLNSHIRE Fully Managed purpose built Nursing Home with 47 Single Rooms and PP for a further 9 rooms arranged in predominantly single storey accommodation on a plot of circa 0.71 acre. Trading with consistent high turnover, EBITDA and occupancy levels this facility is ideal for someone looking for a good investment opportunity with well qualified and experienced core staff. The current owners are making improvements on a regular basis and there is potential to develop further by taking advantage of the planning permission granted for another 9 beds. A professional valuation has been received dated November 2023 and latest Management Accounts to September 2023 show an annualized turnover of £1,762,312 and EBTDA of £423,607. This home is part of a group of three units with a total of 123 Beds and the homes are either available individually or as a group, if required. Guide Price for this individual unit is £2,820,000

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